Latinnews Daily - 9 October 2003

The country's financial markets responded euphorically to the better than expected industrial output figures published on Tuesday evening and the prospect of an upgrading by the credit rating agencies. The country risk premium fell to its lowest level since July 1998 at 616 basis points and the stockmarket had its sixth consecutive daily rise: it closed up 1.91% at 17,804. Trading volume in the stockmarket, at R$1.59bn (US$560m), was the highest since 13 January 2000.

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